Civic Intelligence

First Pace Credit Union

EIN 41-0874898 • 501(c)14 • West St Paul, MN

View Organization Page

Profile

Provide savings, loans and other financial services to members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members as "owners."

161 Marie Avenue EastWest St Paul, MN 55118

www.firstpacecu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.81x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

17.01x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

-3.6%

Faster asset growth than 42% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

9.5%

Faster revenue growth than 58% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$9,183,725

Down $346,012 (-3.6%) from 2023

Liabilities

Down

$7,422,413

Down $291,865 (-3.8%) from 2023

Net Assets

Down

$1,761,312

Down $54,147 (-3.0%) from 2023

Operations
Liabilities / Revenue49th percentileNet Margin24th percentile

Revenue

Up

$436,331

Up $37,780 (+9.5%) from 2023

Expenses

Up

$490,478

Up $12,458 (+2.6%) from 2023

Net Income

Up

-$54,147

Up $25,322 (+32%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $7,029,208Liabilities 2010: $5,533,597Net Assets 2010: $1,495,6112010Assets 2011: $7,371,889Liabilities 2011: $5,841,197Net Assets 2011: $1,530,6922011Assets 2012: $7,754,700Liabilities 2012: $6,176,125Net Assets 2012: $1,578,5752012Assets 2013: $7,918,690Liabilities 2013: $6,296,366Net Assets 2013: $1,622,3242013Assets 2014: $8,578,698Liabilities 2014: $6,883,309Net Assets 2014: $1,695,3892014Assets 2015: $9,036,568Liabilities 2015: $7,308,337Net Assets 2015: $1,728,2312015Assets 2016: $8,761,101Liabilities 2016: $7,041,387Net Assets 2016: $1,719,7142016Assets 2017: $8,887,980Liabilities 2017: $7,154,694Net Assets 2017: $1,733,2862017Assets 2018: $8,796,683Liabilities 2018: $7,028,271Net Assets 2018: $1,768,4122018Assets 2019: $8,694,234Liabilities 2019: $6,878,095Net Assets 2019: $1,816,1392019Assets 2020: $9,551,599Liabilities 2020: $7,702,838Net Assets 2020: $1,848,7612020Assets 2021: $10,659,155Liabilities 2021: $8,753,132Net Assets 2021: $1,906,0232021Assets 2022: $11,002,655Liabilities 2022: $9,107,727Net Assets 2022: $1,894,9282022Assets 2023: $9,529,737Liabilities 2023: $7,714,278Net Assets 2023: $1,815,4592023Assets 2024: $9,183,725Liabilities 2024: $7,422,413Net Assets 2024: $1,761,3122024

Highlighted filing

2024

Assets$9,183,725
Liabilities$7,422,413
Net Assets$1,761,312
Open 2024 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $397,2022010Expenses 2011: $339,6542011Expenses 2012: $309,7572012Revenue 2013: $341,837Expenses 2013: $298,074Net Income 2013: $43,7632013Revenue 2014: $355,271Expenses 2014: $282,203Net Income 2014: $73,0682014Revenue 2015: $358,360Expenses 2015: $325,508Net Income 2015: $32,8522015Revenue 2016: $353,894Expenses 2016: $362,403Net Income 2016: -$8,5092016Revenue 2017: $337,549Expenses 2017: $324,011Net Income 2017: $13,5382017Revenue 2018: $381,554Expenses 2018: $346,428Net Income 2018: $35,1262018Revenue 2019: $403,572Expenses 2019: $355,845Net Income 2019: $47,7272019Revenue 2020: $402,201Expenses 2020: $369,579Net Income 2020: $32,6222020Revenue 2021: $418,215Expenses 2021: $360,953Net Income 2021: $57,2622021Revenue 2022: $388,101Expenses 2022: $399,196Net Income 2022: -$11,0952022Revenue 2023: $398,551Expenses 2023: $478,020Net Income 2023: -$79,4692023Revenue 2024: $436,331Expenses 2024: $490,478Net Income 2024: -$54,1472024

Highlighted filing

2024

Revenue$436,331
Expenses$490,478
Net Income-$54,147
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$9,183,725
Liabilities
$7,422,413
Net assets
$1,761,312
Revenue
$436,331
Expenses
$490,478
Net income
-$54,147
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.18$7.42$1.76$0.44$0.49$0.05
2023Detailed filing. Detailed filing data is available for this year.$9.53$7.71$1.82$0.40$0.48$0.08
2022Detailed filing. Detailed filing data is available for this year.$11.0$9.11$1.89$0.39$0.40$0.01
2021Detailed filing. Detailed filing data is available for this year.$10.7$8.75$1.91$0.42$0.36$0.06
2020Detailed filing. Detailed filing data is available for this year.$9.55$7.70$1.85$0.40$0.37$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.69$6.88$1.82$0.40$0.36$0.05
2018Detailed filing. Detailed filing data is available for this year.$8.80$7.03$1.77$0.38$0.35$0.04
2017Detailed filing. Detailed filing data is available for this year.$8.89$7.15$1.73$0.34$0.32$0.01
2016Detailed filing. Detailed filing data is available for this year.$8.76$7.04$1.72$0.35$0.36$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.04$7.31$1.73$0.36$0.33$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.58$6.88$1.70$0.36$0.28$0.07
2013Detailed filing. Detailed filing data is available for this year.$7.92$6.30$1.62$0.34$0.30$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.75$6.18$1.58$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.37$5.84$1.53$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.03$5.53$1.50$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 27, 2025
Return Version
2024v5.0
Gross Receipts
$436,331
Mission and Program Overview

Mission

Provide savings, loans and other financial services to members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members as "owners."

To promote thrift among our members and create a source of credit for them at legitimate rates of interest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,061,914$5,647,253▼ $414,661
Investments Other Securities$2,623,000--
Rtn Earn Endowment Incm Other Fnds$1,815,459$1,761,312▼ $54,147
Investments Program Related$606,790$1,741,795▲ $1,135,005
Savings and Temporary Cash Investments$62,263$1,631,103▲ $1,568,840
Cash and Non-Interest-Bearing Accounts$22,775$21,885▼ $890
Prepaid Expenses and Deferred Charges$16,389$13,891▼ $2,498
Land, Buildings, and Equipment, Net$721--
Total Assets$9,529,737$9,183,725▼ $346,012
Other Assets Total$135,885$127,798▼ $8,087
Liabilities
Other Liabilities$7,652,576$7,407,024▼ $245,552
Accounts Payable and Accrued Expenses$61,702$15,389▼ $46,313
Total Liabilities$7,714,278$7,422,413▼ $291,865
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,815,459$1,761,312▼ $54,147
Total Liabilities and Net Assets / Fund Balance$9,529,737$9,183,725▼ $346,012

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,238$1,238
Investment Program Related Org$41,795--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris LamminenPresidentFT$108,450$18,737$127,187

Board Members and Trustees

NameTitle
Brian EckerChair (paria
John KnetterChair (paria
Dan GertenVice Chair
Mike PopekDirector
Ray KoblerSecretary
Quinton VorhiesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$385,565
Investment Income
$45,999
Other Revenue
$2,767
All Other Contributions
$2,000
Change in Net Assets
$-54,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,523
Salaries, Compensation, and Employee Benefits$228,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$108,450
Office Expenses---$88,643
Other Salaries and Wages---$79,624
Information Technology---$51,901
Other Employee Benefits---$29,928
Occupancy---$21,224
Insurance---$14,680
Conferences and Meetings---$9,494
Pension Plan Contributions---$9,404
Advertising---$2,646
Payroll Taxes---$1,549
Fees for Services Accounting---$1,027
Depreciation Depletion---$721
Interest---$2
Other Expenses---$-3,244
Total Functional Expenses$0$0$0$490,478
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$7,407,024
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Management provides necessary data to independent cpa who completes the return. Management reviews the return for accuracy, and then authorizes the cpa to e-file the approved return. Management reviews the return with the directors at their next board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The president's salary is based on comparable sized credit unions through use of cuna's annual compensation survey results. This is done by the salary review committee, made up of the board of directors. The compensation is approved at a board meeting.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available to members upon request. Financial statements are also posed in the lobby.”

Filing and Contact Details

Filer

Filer Name
First Pace Credit Union
EIN
41-0874898
Phone
6514518495
Address
161 MARIE AVENUE EAST, WEST ST PAUL, MN 55118

Signing Officer

Name
Chris Lamminen
Title
President
Phone
6514518495
Signed
2025-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Lamminen
Formed
1963
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
8

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Raw XML Appendix327 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt061702
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015389
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE THRIFT AMONG OUR MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.
IRS990/AdvertisingGrp/TotalAmt02646
IRS990/AllOtherContributionsAmt02000
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0CHRIS LAMMINEN
IRS990/BooksInCareOfDetail/PhoneNum06514518495
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0161 MARIE AVENUE EAST
IRS990/BooksInCareOfDetail/USAddress/CityNm0WEST ST PAUL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055118
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt022775
IRS990/CashNonInterestBearingGrp/EOYAmt021885
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0108450
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt09494
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt045999
IRS990/CYOtherExpensesAmt0261523
IRS990/CYOtherRevenueAmt02767
IRS990/CYProgramServiceRevenueAmt0385565
IRS990/CYRevenuesLessExpensesAmt0-54147
IRS990/CYSalariesCompEmpBnftPaidAmt0228955
IRS990/CYTotalExpensesAmt0490478
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0436331
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0721
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 41 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 932 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt01027
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt018737
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRIS LAMMINEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN KNETTER
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN ECKER
IRS990/Form990PartVIISectionAGrp/PersonNm3DAN GERTEN
IRS990/Form990PartVIISectionAGrp/PersonNm4QUINTON VORHIES
IRS990/Form990PartVIISectionAGrp/PersonNm5RAY KOBLER
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE POPEK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0108450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR (PARIA
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR (PARIA
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0436331
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt051901
IRS990/InsuranceGrp/TotalAmt014680
IRS990/InterestGrp/TotalAmt02
IRS990/InvestmentIncomeGrp/ExclusionAmt045999
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045999
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02623000
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0606790
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01741795
IRS990/IRPDocumentCnt0225
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0721
IRS990/LandBldgEquipCostOrOtherBssAmt01238
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THRIFT AMONG OUR MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01815459
IRS990/NetAssetsOrFundBalancesEOYAmt01761312
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt021224
IRS990/OfficeExpensesGrp/TotalAmt088643
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0135885
IRS990/OtherAssetsTotalGrp/EOYAmt0127798
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029928
IRS990/OtherExpensesGrp/Desc0DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/Desc1GRANT EXPENSES
IRS990/OtherExpensesGrp/Desc2PROVIS LOAN LOSS ADJSTMNT
IRS990/OtherExpensesGrp/TotalAmt072429
IRS990/OtherExpensesGrp/TotalAmt12000
IRS990/OtherExpensesGrp/TotalAmt2-3244
IRS990/OtherLiabilitiesGrp/BOYAmt07652576
IRS990/OtherLiabilitiesGrp/EOYAmt07407024
IRS990/OtherSalariesAndWagesGrp/TotalAmt079624
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06061914
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05647253
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt01549
IRS990/PensionPlanContributionsGrp/TotalAmt09404
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016389
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013891
IRS990/PrincipalOfficerNm0CHRIS LAMMINEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0357993
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116255
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211317
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0357993
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211317
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 106 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 344 OUTSTANDING LOANS RECEIVABLE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt040931
IRS990/PYInvestmentIncomeAmt074000
IRS990/PYOtherExpensesAmt0230267
IRS990/PYProgramServiceRevenueAmt0324551
IRS990/PYRevenuesLessExpensesAmt0-79469
IRS990/PYSalariesCompEmpBnftPaidAmt0206822
IRS990/PYTotalExpensesAmt0478020
IRS990/PYTotalRevenueAmt0398551
IRS990/ReconcilationRevenueExpnssAmt0-54147
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02767
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02767
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01815459
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01761312
IRS990/SavingsAndTempCashInvstGrp/BOYAmt062263
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01631103
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01238
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01238
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01700000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt141795
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CORP CU CAPITAL ACCOUNTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07407024
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueProgramRltdAmt01741795
IRS990ScheduleD/TotalLiabilityAmt07407024
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THEIR NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT'S SALARY IS BASED ON COMPARABLE SIZED CREDIT UNIONS THROUGH USE OF CUNA'S ANNUAL COMPENSATION SURVEY RESULTS. THIS IS DONE BY THE SALARY REVIEW COMMITTEE, MADE UP OF THE BOARD OF DIRECTORS. THE COMPENSATION IS APPROVED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO POSED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09529737
IRS990/TotalAssetsEOYAmt09183725
IRS990/TotalAssetsGrp/BOYAmt09529737
IRS990/TotalAssetsGrp/EOYAmt09183725
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0490478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07714278
IRS990/TotalLiabilitiesEOYAmt07422413
IRS990/TotalLiabilitiesGrp/BOYAmt07714278
IRS990/TotalLiabilitiesGrp/EOYAmt07422413
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01815459
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01761312
IRS990/TotalOtherCompensationAmt018737
IRS990/TotalProgramServiceRevenueAmt0385565
IRS990/TotalReportableCompFromOrgAmt0108450
IRS990/TotalRevenueGrp/ExclusionAmt048766
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0385565
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0436331
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09529737
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09183725
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0161 MARIE AVENUE EAST
IRS990/USAddress/CityNm0WEST ST PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055118
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0FIRSTPACECU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS LAMMINEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06514518495
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST PACE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0410874898
ReturnHeader/Filer/PhoneNum06514518495
ReturnHeader/Filer/USAddress/AddressLine1Txt0161 MARIE AVENUE EAST
ReturnHeader/Filer/USAddress/CityNm0WEST ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055118
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461065712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENT WOOKEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546021512
ReturnHeader/PreparerPersonGrp/PhoneNum06087920843
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-09-05T14:52:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.